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Bitcoin Breaks Above $40K Resistance

New TradingView data reveals bitcoin crossed its 50-day moving average earlier this week at the $42,500 price level and has stayed above it since. Continuation of this price movement would imply strength and set bitcoin for a move toward $49,000 as it sees institutional demand.

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Traders Increasing Leverage on BTC Trades?

A new chart presented by Glassnode on bitcoin's perpetual futures open interest vs. bitcoin's price suggests that traders are increasing their leverage on BTC trades once again. Head of Market Insights at Genesis Trading Noelle Acheson digs into the data and its implications for the recent price movements in the bitcoin market.

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